According to a chocolate industry analysis from Grand View Research, an industry study group, global chocolate sales were valued at $130.56 billion in 2019 and are expected to grow at a rate of about 4.6 percent a year for the next few years. Projected global sales by 2027 are expected to be about $187 billion.

How much is the chocolate industry worth in the United States?

United States chocolate market The U.S. cocoa & chocolate market is estimated to be worth 9.67 billion U.S. dollars. The country is also the worldwide leading importer of chocolate and products with chocolate.

What is the average price of chocolate in 2020?

Average prices for cocoa worldwide from 2014 to 2025 (in nominal U.S. dollars per kg)

Is the chocolate industry growing?

Newark, NJ, May 25, 2021 (GLOBE NEWSWIRE) — As per the report published by Fior Markets, the global chocolate market is expected to grow from USD 138.5 billion in 2020 and reach USD 200.4 billion by 2028, growing at a CAGR of 4.8% period 2021-2028.

Why is the chocolate industry bad?

Using chocolate to satisfy a sweet tooth never gets old. But gobbling up all those candy bars and bonbons is seriously impacting the environment. The commercial chocolate industry is shrinking rainforests, emitting significant levels of carbon dioxide into our atmosphere, and contributing to climate change.

Who buys the most chocolate?

Switzerland (19.4 pounds per capita) The Swiss people lead the world in chocolate consumption with 19.4 pounds of chocolate being consumed by the Swiss people per capita per year.

How big is the global market for chocolate?

The global chocolate market reached a value of almost USD 106.6 billion in the year 2020. The industry is further expected to grow at a CAGR of 5.5% between 2021 and 2026 to reach a value of almost USD 147 billion by 2026.

How many people work in the chocolate industry?

There are approximately 3,400 businesses operating in the chocolate production segment in the United States today. They are responsible for 41,000 direct employment opportunities. (IBIS World) #16. Cocoa is the primary source of income for over 5.5 million small scale farmers around the world.

Which is the leading chocolate producer in the world?

The Ivory Coast is a leading producer within the industry, followed by Ghana and Indonesia. Europe is a major consumer of chocolate, contributing one-third to the global chocolate sales. The market in Europe is, however, largely saturated and highly competitive.

How much chocolate does the United States consume per year?

Imports of this nature amount to almost 3 billion U.S. dollars annually. U.S. consumers ate on average 10.8 kilograms of chocolate per person during the first year of the pandemic.